10 things you need to know in markets today

Revellers toss confetti over Times Square from a hotel balcony as the clock strikes midnight during New Year's Eve celebrations in New York.Reuters/Keith BedfordGood morning, and welcome to the first "10 things you need to know in markets today" of 2017! Here's what you need to know on Tuesday.

Finland just launched an experiment giving 2,000 people free money until 2019. Starting January 1, 2017 and lasting until 2019, the federal social security institution Kela will distribute roughly $590 each month to 2,000 jobless Finns. Regardless of whether they find work during that period, the money will keep coming in at the beginning of each month — a trial version of basic income, one of the past year's most popular theories of how to solve poverty.

Deutsche Bank's former CEO has joined investment firm Cantor Fitzgerald as president. According to Bloomberg, ex-DB boss Anshu Jain will help the "company expand in areas including fixed-income and equities trading as well as prime brokerage." In a statement, Jain said: "As a leading non-bank financial institution, with cutting-edge technology and a global reach, Cantor is well-positioned to capitalize on the changing financial landscape."